Take Binance Smart Chain (BSC) for example, one of the most popular blockchains for trading microcap crypto tokens. To buy tokens on BSC, investors need to navigate at least three different apps: one to buy the native Binance Smart Chain Coin (BNB), a wallet to hold the BNB, and an exchange to trade the BNB for other Binance Smart devices. Chain. tokens. On top of that, integrations between these apps can be buggy and difficult to activate, leaving new and even seasoned investors frustrated and potentially unable to capitalize on the next opportunity.
The team at Lunar challenge plans to change that with their Lunar DEX Wallet, an app that aims to revolutionize micro-cap cryptocurrency trading by unifying the entire process under a single, streamlined platform. Their goal is to bring a Robinhood-like user experience to microcap crypto investing, making the process much less difficult and time-consuming for seasoned investors, while significantly lowering the barrier to entry for newcomers. investors.
The Lunar team does not intend to stop there. The Lunar DEX Wallet is a component of a larger DeFi ecosystem that they are building, one that rewards those who participate.
The lunar token (LNR):
At the heart of the Lunar ecosystem is the Lunar Token (LNR), which distributes 3% of LNR transactions and a percentage of Lunar DEX Wallet transactions to holders in passive earnings, allowing the community to benefit from the success of the ecosystem beyond increasing the value of their holdings.
In addition, 3% of LNR transactions are sent to a cash pool to facilitate trading and stabilize the value of the token, and 5.5% of transactions are sent to a growth wallet which is used for marketing, development and LNR’s strategic buyouts / burns. These redemptions / combustions are used as a compensatory measure when prices or transaction volumes are low to increase the value of the token and discourage early sales.
There are also anti-whale and anti-bot mechanisms built into the smart contract. A maximum transaction size of 1% and a maximum wallet size of 3% have been put in place to prevent people who hold a substantial portion of the total supply from being able to significantly influence the price of the token. The team plans to implement and release an opening day anti-bot mechanism aimed at cracking down on automated trading, while allowing human investors to trade freely.
NFT with passive income:
The lunar ecosystem Will also include its own NFT collection, Lunar Legion, which distributes 0.5% of LNR transactions to holders. This is the first step in their end goal of bringing the simplified user experience of the Lunar DEX Wallet to the world of NFT investing.
The founders noticed that the NFT space suffers from the same fragmentation that exists within the microcap cryptocurrency vertical. That’s why they plan to create a unified, frictionless NFT trading platform that fits seamlessly into the larger lunar ecosystem.
The Lunar team is well positioned to make these visions a reality. Their team is made up of highly talented developers, marketers, designers and serial entrepreneurs who have been successful in growing businesses and delivering software to past businesses.
The project also already has promising traction. Within 48 hours of posting their website, their private sale was completely sold out. They see a conversion rate of over 38% on Telegram members who become private sale buyers, and the average contribution per buyer is 1.17 BNB. ($ 614.81) at the time of writing this article.
The lunar community is already emerging as one of the most engaged and passionate communities in the space, and the team believe it because of the vision, focus on quality, and the set of values fundamental on which it is based. With the growth of the cryptocurrency industry showing no signs of slowing down, the Lunar team is confident that it will live up to its name and grow the project to the moon and beyond.
SOURCE Lunar Challenge